The Shanghai CIEBO Energy Science and Technology Co Ltd is another beneficiary of the CHEEF program. The company is a private energy service company, which helps customers save costs by reducing energy... Show More + consumption and recoups its own investment through these savings. It is called “Energy Performance Contracting”, a market-based energy saving mechanism introduced and demonstrated in China through the CHEEF program. CIEBO obtained a $4.2 million loan through the Huaxia Bank for a 73 million yuan ($12 million) project in Shanxi Province for utilizing excess coke oven gas from a coking plant furnace to generate power. The project was expected to save energy of 26,050 tons of coal equivalent and reduce 63,600 tons of CO2 per year. The company’s founder, Cai Yuchi, is a typical businessman from Zhejiang Province, famous for producing private entrepreneurs with nose for new opportunities. After spending more than a decade in electrical equipment manufacturing, he sa Show Less -

Raising green awarenessThe impact of harnessing the sun's energy to help power the schools, however, reaches far beyond financial benefits. Having solar panels on school property sends a strong message... Show More + to the children about the importance of moving towards sustainable energy and reducing our carbon footprint, stimulating their enthusiasm and making them champions for renewable energy and energy efficiency, which is seen as the biggest benefit of all.Some schools have opened a course about solar energy. “Its main role is educational,” said Chen Suqin, Principal of Jinsong No.2 Primary School. “We have integrated it in our science course and use it to educate our students about the need to protect our environment and conserve resources.” “Using solar power makes a big impact on the students, changing their behavior and their values. They have been inspired to take action in their daily life to protect the atmosphere – adopting green travel modes, switching off the light when leaving Show Less -

At the outset, the workshop made clear China’s achievements were largely thanks to the government’s commitment, ambitious targets, and effective policies for energy conservation and emission reduction.“President... Show More + Xi called for an energy revolution, and put energy conservation as the first priority to contain the energy growth in China,” said Deputy Director General Feng Liang of the NDRC’s Environment Protection and Resource Conservation Department in his opening remarks.The government set a mandatory target to cut energy intensity per unit of GDP by 20 percent in the 11th Five-Year Plan (2006-2010), and renewed of its commitment with a targeted 16 percent reduction during the 12th Five-Year Plan (2011-2015). Strong regulatory policies and financial incentives have been put in place to ensure the targets are met. In addition, the government has also pledged to reduce China’s carbon intensity (carbon emissions per unit of GDP) by 40-45 percent from 2005 to 2020. Energy efficiency w Show Less -

Adding up the BenefitsUntil now, socioeconomic benefits and environmental externalities, those consequences of industrial or commercial activities not reflected in their costs, have often been left out... Show More + of economic analysis because they have been difficult to measure. This report introduces a new macroeconomic modeling framework that can incorporate these considerations, providing a more holistic analysis of the co-benefits of development investments. The new modeling tools:• Measure the multiple benefits of reducing emissions of several pollutants.• Can be used to better design and analyze policies and projects.• Provide a rationale for combining climate action with sustainable development.This report utilizes the new framework in seven simulated case studies – three dealing with sector policies and four focused on project level interventions – to calculate the many benefits of air pollution reduction. The sector policies include regulations, taxes, and incentives to stimulat Show Less -

New Report - Climate-Smart Development: Adding up the benefits of actions that help build prosperity, end poverty and combat climate changeWASHINGTON, June 23, 2014 – Government policies that improve... Show More + energy efficiency and public transport could increase global economic output by more than $1.8 trillion per year, and also save lives, reduce crop losses and tackle climate change, according to new analysis released today from the World Bank and the ClimateWorks Foundation.The “Adding up the Benefits” report, released in advance of the U.N. Secretary General’s Climate Summit in September, shows the potential economic, health and other gains from scaling up climate-smart policies as well as projects already in place in developing countries like Brazil, India and Mexico. The report strengthens the case for taking urgent action on climate change.“The report’s findings show clearly that the right policy choices can deliver significant benefits to lives, jobs, crops, energy , and GDP – as Show Less -

Recognizing this, the World Bank Group is supporting cities as they develop more sustainable municipal systems and services. It took another step in that direction in April, with grants to... Show More + 11 cities and programs for energy efficiency initiatives in key sectors such as lighting, buildings, transport, and water.The grants are the first under the City Energy Efficiency Transformation Initiative, led by the World Bank’s Energy Sector Management Assistance Program (ESMAP). The initiative seeks to integrate energy efficiency planning into city decision-making, build the capacity of city officials, promote learning and exchanges between cities, and facilitate financing—so that plans become realities on the ground.ESMAP’s $4.3 million in grants will support activities in three cities in Brazil (Rio de Janeiro, Belo Horizonte, São Paulo); in Karachi, Pakistan; in Shenzhen, China; in three cities in Ukraine; and two cities in Macedonia. Another grant will go towards Show Less -

PartnersMany urban development projects are funded and implemented in collaboration with partner organizations, including Agence Française de Développement (AFD), Australian Agency for International Development... Show More + (AusAID), Austria-World Bank Urban Partnership Program on Strengthening Local Governments in South-East-European Countries, Bank-Netherlands Partnership Program (BNPP), Cities Alliance, Climate Investment Fund, German technical cooperation (Gesellschaft fuer Internationale Zusammenarbeit, GIZ), Global Facility for Disaster Reduction and Recovery (GFDRR), Haiti Fund, Japan Policy and Human Resources Development Fund (PHRD), German Development Bank (KfW), Korean Green Growth Trust Fund (KGGTF), Multi-Donor Trust Fund (MDTF) for Sustainable Urban Development, and Spanish Trust Fund for Latin America and the Caribbean (SFLAC).The joint work program between the Cities Alliance, the World Bank, the United Nations Human Settlements Programme (UN-HABITAT) and the United Nations Environm Show Less -

Bank Group ContributionFor FY13, nearly $3 billion in lending commitments at the World Bank are expected to provide adaptation co-benefits, of which just over $2 billion came from IDA and nearly $900 billion... Show More + from IBRD. More than $4 billion in FY 13 will provide mitigation co-benefits; $1.8 billion from IBRD and $2.3 billion from IDA. The International Finance Corporation (IFC), the Bank’s private-sector arm, committed nearly $2.5 billion for mitigation, an increase of nearly $900 million.Highlights from the World Bank Group’s contributions include:82 projects in 50 countries: 24 have adaptation co-benefits, 39 mitigation co-benefits and 19 have both. At $2.3 billion, clean energy continued to account for the largest share of the Bank’s mitigation support in FY13.At $910 million, Water, Sanitation and Flood Protection represented one-third of adaptation financing in FY13 and an increasing part of the sector’s commitment support adaptation (about 40 percent), demonstrating integration of Show Less -

BEIJING, January 21, 2014 - The Government of China is committed to reducing the country’s carbon intensity by 40 to 45 percent between 2005 and 2020. The World Bank has been working with Changning District... Show More + in Shanghai to develop and implement a low-carbon strategy based on CO2 abatement cost curves and scenarios. Abatement cost curves are a useful analytical tool to help cities set low-carbon targets and identify cost-effective, low-carbon investments for achieving these targets.Cities are at the core of the action to achieve the government’s carbon-intensity-reduction target. With 300 million people projected to migrate to cities in China over the next 20 years, energy demand in buildings and for transportation will continue to increase rapidly.“In China, the speed and scale of urbanization provides an unprecedented opportunity to invest in clean energy solutions to contain carbon emissions related to energy supply and consumption in the sprawling cities,” said Klaus Rohland, W Show Less -

Over the past two decades, the World Bank has been working with China to help the country move to more market-based approaches for energy conservation under three World Bank/GEF-supported projects: (1)... Show More + the Energy Conservation Project introduced the Energy Service Company (ESCO) concept to China by establishing the first three ESCOs; (2) as the ESCO industry started to grow, the Energy Conservation II Project provided partial risk guarantees to help ESCOs access to financing and established an ESCO Association. Today, the ESCO industry in China grow to nearly 5,000 companies with nearly $10 billion in energy performance contracts; and (3) the China Energy Efficiency Financing (CHEEF) program is now supporting mainstreaming of energy efficiency lending in the China’s banking sector through dedicated credit lines. CHEEF Phase I has financed more than $800 million investments in energy efficiency to date, leveraging four times the IBRD loans, with substantial emission reductions. It has su Show Less -

WASHINGTON, October 29, 2013 – Today the World Bank’s Board of Executive Directors approved the second phase of the China Renewable Energy Scale-Up Program (CRESP II), which is financed with a grant of... Show More + US$27.28 million from the Global Environment Facility (GEF) to the People’s Republic of China. This program supports the country’s ambitious renewable energy scale-up program with a focus on efficiency improvement and reduction of incremental costs. With fast economic growth, China’s total primary energy consumption more than doubled between 2000 and 2011 with electricity consumption growing at about 12 percent per annum. Coal continues to dominate the energy mix, accounting for 68.8 percent of the primary energy consumption in 2011. Concerned with the adverse health and environmental consequences associated with coal combustion, energy security risks, and resource scarcity challenges, the Government of China is continuing its efforts to increase renewable energy’s contribution to meet p Show Less -

Drop-and-hookLi Xiubin, a truck driver with E-road Logistics, returned to the warehouse of his company with a loaded trailer.He pulled the trailer to its destination, dropped it, drove a short distance... Show More + to pick up another trailer, and hooked up to it. In five minutes he was out for a new delivery. “When I was driving back to the warehouse, the trailer was pre-loaded for me already,” he explained. “I just need to hook the tractor to it. I don’t have to wait for loading. It saves time!”The project is also helping trucking companies in Guangdong Province to adopt this "drop and hook" method for increased efficiency and a smaller carbon footprint.Wang Yamin, vehicle repair manager of E-road, listed some advantages of the transport method. “First, it reduces empty backhaul. Second, it saves resources. We use fewer tractors to transport more trailers. Third, it increases efficiency for deliveries. With the same number of tractors, we are now able to deliver Show Less -

Global Tracking Framework Report identifies countries with most potential to make “high-impact” progress on sustainable energy and specifies policy measures to scale up actionVIENNA, May 28, 2013 - About... Show More + 1.2 billion people – almost the population of India – don’t have access to electricity, 2.8 billion have to rely on wood or other biomass to cook and heat their homes, renewable energy accounts for 18 percent of the global energy mix, and the largest energy savings and greatest expansion of renewables happened in China. These are just some of the findings of a unique new report by a multi-agency team led by the World Bank. The report, compiled by experts from 15 agencies, is the first of a series to monitor progress towards the three objectives of the Sustainable Energy for All initiative, launched in 2011 by United Nations Secretary General Ban Ki-moon. The initiative, whose advisory board is co-chaired by World Bank Group President Jim Yong Kim, is mobilizing a global coalition Show Less -

What will it take to meet the Sustainable Energy for All goals for energy access, renewable energy, and energy efficiency by 2030? The Global Tracking Initiative combines the work of 15 international organizations... Show More + to show where the world is today in energy access, renewable energy, and energy efficiency, and how far it needs to go to meet the 2030 goals.Click for HIGHER RESOLUTION Show Less -

China - Urban Scale Building Energy Efficiency and Renewable Energy ProjectGEF Grant: USD $12 million equivalentProject ID: P130786Project Description: The objective of the project is to improve selected... Show More + national and city-level policies for (1) the promotion of low-carbon, adaptive and livable urban forms; (2) an increase in energy efficiency in public and commercial buildings; and (3) the scale-up of commercially viable rooftop solar PV deployment. Show Less -